Optimism DAO approves 12-month OP buybacks with 84.4% support, starting February

The Optimism Collective approved a 12-month plan to direct 50% of Superchain sequencer revenue to monthly OP buybacks, passing with 84.4% support. Starting in February, the Foundation will convert January revenue via an OTC partner, deploying about 2.7k ETH (roughly $8 million) based on the past year’s 5,868 ETH intake.